Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$37,518
Federal tax deduction
- $5,055
Provincial tax deduction
- $2,142
CPP deduction
- $1,939
EI deduction
- $593
Total tax
- $9,729
Net pay
* $27,789
Marginal tax rate
28.9%
Average tax rate
25.9%
74.1%
Net pay
25.9%
Total tax
Total tax
Net pay
The Taxberg
$27,789
Net pay
$2,769
Tax the employer pays
$9,729
Tax you pay
Total tax paid
$12,498
Did you know your employer also pays tax on your salary? It costs the employer $2,769 to pay you $37,518. In other words, every time you spend $10 of your hard-earned money, $3.33 goes to the government.
Real tax rate
31.0%
So, with you and the employer both paying tax, what used to be a 25.9% tax rate now rises to 31.0%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
People also ask
$37,518 yearly is how much per hour?
$19.24 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $37,518 a year living in the region of Ontario, Canada, you will be taxed $9,729. That means that your net pay will be $27,789 per year, or $2,316 per month. Your average tax rate is 25.9% and your marginal tax rate is 28.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $28.87, hence, your net pay will only increase by $71.13.
Bonus Example
A $1,000 bonus will generate an extra $711 of net incomes. A $5,000 bonus will generate an extra $3,557 of net incomes.
Compare average tax
Region
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Tax per income
$37,500
$38,000
$38,500
$39,000
$39,500
$40,000
$40,500
$41,000
$41,500
$42,000
$42,500
$43,000
$43,500
$44,000
$44,500
$45,000
$45,500
$46,000
$46,500
$47,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 28,532
24.0%
1
British Columbia
CAD 28,173
24.9%
2
Northwest Territories
CAD 27,867
25.7%
3
Ontario
CAD 27,789
25.9%
4
Yukon
CAD 27,775
26.0%
5
Quebec
CAD 27,573
26.5%
6
Newfoundland and Labrador
CAD 26,863
28.4%
7
New Brunswick
CAD 26,643
29.0%
8
Alberta
CAD 26,433
29.5%
9
Nova Scotia
CAD 26,368
29.7%
10
Prince Edward Island
CAD 26,281
30.0%
11
Saskatchewan
CAD 26,258
30.0%
12
Manitoba
CAD 26,092
30.5%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 33,645
10.3%
1
Ireland
CAD 32,927
12.2%
2
Russia
CAD 32,641
13.0%
3
United Kingdom
CAD 32,529
13.3%
4
France
CAD 31,818
15.2%
5
Norway
CAD 30,622
18.4%
6
Hungary
CAD 30,577
18.5%
7
Luxembourg
CAD 30,350
19.1%
8
Ukraine
CAD 30,202
19.5%
9
Austria
CAD 30,028
20.0%
10
Spain
CAD 29,771
20.7%
11
Czech Republic
CAD 29,567
21.2%
12
Italy
CAD 26,952
28.2%
13
Sweden
CAD 26,940
28.2%
14
Greece
CAD 26,907
28.3%
15
Germany
CAD 26,748
28.7%
16
Poland
CAD 25,693
31.5%
17
Denmark
CAD 25,159
32.9%
18
Finland
CAD 24,730
34.1%
19
Portugal
CAD 23,983
36.1%
20
Netherlands
CAD 23,609
37.1%
21
Belgium
CAD 22,042
41.3%
22
Romania
CAD 21,948
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 31,074
17.2%
1
Canada
CAD 27,789
25.9%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 35,284
6.0%
1
Taiwan
CAD 33,576
10.5%
2
Thailand
CAD 33,136
11.7%
3
Australia
CAD 32,798
12.6%
4
South Korea
CAD 31,372
16.4%
5
New Zealand
CAD 31,236
16.7%
6
Pakistan
CAD 30,052
19.9%
7
Indonesia
CAD 30,026
20.0%
8
Kazakhstan
CAD 30,025
20.0%
9
Singapore
CAD 29,593
21.1%
10
Japan
CAD 29,521
21.3%
11
Malaysia
CAD 29,431
21.6%
12
Philippines
CAD 28,342
24.5%
13
Vietnam
CAD 27,327
27.2%
14
China
CAD 25,824
31.2%
15
India
CAD 24,536
34.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 33,921
9.6%
1
Puerto Rico
CAD 33,151
11.6%
2
Costa Rica
CAD 33,040
11.9%
3
Ecuador
CAD 32,081
14.5%
4
Colombia
CAD 30,935
17.6%
5
Panama
CAD 30,683
18.2%
6
Chile
CAD 30,190
19.5%
7
Mexico
CAD 29,142
22.3%
8
Peru
CAD 28,741
23.4%
9
Brazil
CAD 27,983
25.4%
10
Uruguay
CAD 27,136
27.7%
11
Argentina
CAD 24,377
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 29,706
20.8%
1
Angola
CAD 27,536
26.6%
2
Mozambique
CAD 27,459
26.8%
3
Kenya
CAD 26,968
28.1%
4
Ghana
CAD 26,208
30.2%
5
Ivory Coast
CAD 26,154
30.3%
6
Morocco
CAD 25,883
31.0%
7
Nigeria
CAD 25,693
31.5%
8
Uganda
CAD 24,796
33.9%
9
Cameroon
CAD 24,560
34.5%
10
Senegal
CAD 24,104
35.8%
11
Zambia
CAD 23,480
37.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 35,642
5.0%
1
Qatar
CAD 35,642
5.0%
2
Bahrain
CAD 34,517
8.0%
3
Oman
CAD 34,517
8.0%
4
Saudi Arabia
CAD 33,766
10.0%
5
Kuwait
CAD 33,391
11.0%
6
Israel
CAD 31,613
15.7%
7
Egypt
CAD 28,523
24.0%
8
Lebanon
CAD 28,402
24.3%
9
Turkey
CAD 22,118
41.1%
10
Show more
NOTE* Withholding is calculated based on the Ontario tables of Canada, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.